MRAL vs. IBID
MRAL (GraniteShares 2x Long MARA Daily ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - MRAL is a Leveraged Equities fund tracking the MARA Holdings Inc. (MARA), while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, MRAL returned -76.80% vs 3.56% for IBID. Their -0.14 correlation means they have often moved in opposite directions in the past. MRAL charges 1.50%/yr vs 0.10%/yr for IBID.
Performance
MRAL vs. IBID - Performance Comparison
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Returns By Period
In the year-to-date period, MRAL achieves a -8.52% return, which is significantly lower than IBID's 2.39% return.
MRAL
- 1D
- -8.96%
- 1M
- -24.24%
- 6M
- -13.43%
- YTD
- -8.52%
- 1Y
- -76.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -72.71%
IBID
- 1D
- -0.02%
- 1M
- 0.18%
- 6M
- 2.09%
- YTD
- 2.39%
- 1Y
- 3.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $770.97K | $775.91K | $730.76K | |
| $4.23M | $5.15M | $7.61M |
MRAL vs. IBID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MRAL GraniteShares 2x Long MARA Daily ETF | -8.52% | -82.23% |
IBID iShares iBonds Oct 2027 Term TIPS ETF | 2.39% | 3.71% |
Correlation
The correlation between MRAL and IBID is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025 | -0.14 |
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Return for Risk
MRAL vs. IBID — Risk / Return Rank
MRAL
IBID
MRAL vs. IBID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MARA Daily ETF (MRAL) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MRAL | IBID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.58 | ||
| Sortino ratioReturn per unit of downside risk | -5.29 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.66 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 6.50 | -7.34 |
| Martin ratioReturn relative to average drawdown | -1.09 | 22.86 | -23.96 |
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Drawdowns
MRAL vs. IBID - Drawdown Comparison
The maximum MRAL drawdown since its inception was -93.46%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for MRAL and IBID.
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Drawdown Indicators
| MRAL | IBID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.46% | -1.28% | -92.18% |
Max Drawdown (1Y)Largest decline over 1 year | -93.46% | -0.55% | -92.91% |
Current DrawdownCurrent decline from peak | -87.95% | -0.11% | -87.84% |
Average DrawdownAverage peak-to-trough decline | -58.89% | -0.22% | -58.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.78% | 0.16% | +71.62% |
Volatility
MRAL vs. IBID - Volatility Comparison
GraniteShares 2x Long MARA Daily ETF (MRAL) has a higher volatility of 60.92% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.32%. This indicates that MRAL's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MRAL | IBID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 60.92% | 0.32% | +60.60% |
Volatility (6M)Calculated over the trailing 6-month period | 127.55% | 0.92% | +126.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 162.66% | 1.16% | +161.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 167.33% | 2.21% | +165.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 167.33% | 2.21% | +165.12% |
MRAL vs. IBID - Expense Ratio Comparison
MRAL has a 1.50% expense ratio, which is higher than IBID's 0.10% expense ratio.
Dividends
MRAL vs. IBID - Dividend Comparison
MRAL has not paid dividends to shareholders, while IBID's dividend yield for the trailing twelve months is around 4.90%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBID iShares iBonds Oct 2027 Term TIPS ETF | 4.90% | 4.43% | 4.24% | 0.81% |
MRAL GraniteShares 2x Long MARA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MRAL and IBID have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MRAL has higher volatility (60.92%) compared to IBID (0.32%). In terms of maximum drawdown, MRAL dropped -93.46% vs IBID's -1.28%.
On 1-year performance, IBID leads with 3.56% vs -76.80% for MRAL. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBID has performed better with a 3.56% return vs -76.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBID is cheaper with a 0.10% expense ratio, compared with 1.50% for MRAL.
IBID has the higher dividend yield at 4.90%, compared with 0.00% for MRAL.
MRAL is categorized as Leveraged Equities, while IBID is Inflation-Protected Bonds. MRAL tracks MARA Holdings Inc. (MARA), while IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.50% for MRAL and 0.10% for IBID.
IBID currently has the higher Sharpe Ratio (3.10 vs -0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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